Fernando Salcedo-Mejía, Lina Moyano-Tamara, Josefina Zakzuk, Ana Milena Lozano, Héctor Serrano-Coll, Bertha Gastelbondo, Salim Mattar Velilla, Nelson Rafael Alvis Zakzuk, Nelson J Alvis-Zakzuk, Nelson Alvis Guzmán
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Abstract
Objective: To estimate the economic burden associated with COVID-19 in Córdoba, Colombia, 2020 and 2021.
Methods: Economic burden study. Direct costs were analyzed from the third-party payer perspective using healthcare administrative databases and interviews from a cohort of confirmed COVID-19 cases from Córdoba. Costing aggregation was performed by the bottom-up method. Indirect costs were estimated using the productivity loss approach. Contrast tests and statistical models were estimated at 5% significance.
Results: We studied 1,800 COVID-19 cases. The average economic cost of COVID-19 per episode was estimated at US$ 2,519 (95%CI 1,980;3,047). The direct medical cost component accounted for 92.9% of the total; out-of-pocket and indirect costs accounted for 2% and 5.1%, respectively.
Conclusion: COVID-19 economic cost was mainly due to direct medical costs. This study provided evidence of the economic burden faced by households due to COVID-19, with the most vulnerable households bearing much of the burden on their income.
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